Individuals with higher saving and investment rates will more likely
What will be an ideal response?
have higher incomes in the future.
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Refer to Figure 12-13. Suppose the prevailing price is P1 and the firm is currently producing its loss-minimizing quantity. In the long-run equilibrium
A) there will be fewer firms in the industry and total industry output decreases. B) there will be more firms in the industry and total industry output remains constant. C) there will be fewer firms in the industry but total industry output increases. D) there will be more firms in the industry and total industry output increases.
Suppose equilibrium real GDP is currently at $800 billion and investment is $100 billion. If an increase in the interest rate reduces investment from $100 billion to $75 billion, and the MPC is 0.8, the new level of equilibrium real GDP will be:
a. $500 billion. b. $600 billion. c. $675 billion. d. $775 billion. e. $800 billion.
Which of the following individuals serve a four-year term?
a. the members of the Board of Governors b. the Chair of the Board of Governors c. the members of the FOMC d. All of the above are correct.
The large decrease in gasoline prices during 2014-2015 was attributable to
A. directional drilling. B. hyperaccurate seismologic mapping. C. hydraulic fracturing. D. all of these.